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Vesta secures full FSA permission

The grant of permission under part IV of the Financial Services and Markets Act 2000 means that Vesta will be an authorised organisation from Mortgage Day, October 31. The notification follows Vesta&#39s minded to approve letter which it received early last month.

 

Mark Leaper, managing director of Vesta Money, says: “All our hard work on compliance has paid off. We are now one of the first companies in the industry to get full authorisation and, as far as I am aware, the first RAMP member to get it.”

 

Vesta Money subsidiary Vesta Packaging was launched earlier in the summer to offer intermediaries levels of service that are well in advance of what currently apply elsewhere in the packaging sector. Vesta Packaging typically aims to turnaround its mortgage cases in 26 days, from sign-up in the home to completion.

 

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